Daniel Mate has a net worth of $2.7 billion according to the latest Forbes count. The self made Spanish billionaire and entrepreneur began his career with Rich &Co. in 1988 in Switzerland. Six years later the company was bought out and rebranded as Glencore. At Glencore, Mate worked in the zinc, lead and copper department until 2000 when he co-directed the division. Daniel entered the billionaire’s list when Glencore went public in May 2011.
However, Glencore’s shares underperformed losing over 25% of their value since their first debut. The depression of the global commodities prices caused a drop in Daniel’s net worth. However, the drop is likely to be temporary, after the company announced a $650 million investment in oil business in 2014 which is expected to improve the overall productivity of the firm in the coming years.
In 2013 the commodities giant realized a 75% drop in earnings just before finalizing merging agreements with mining rival Xstrata. The Xstrata Company has since been waiting for regulatory approval in China to stem-up the fusion. When it comes to his private life, Daniel Mate is happily married and has two children.
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